Daily Progress: Bloom Energy Corp (BE) Drop -8.49, Closing at 12.82

Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

In the latest session, Bloom Energy Corp (NYSE: BE) closed at $12.82 down -8.49% from its previous closing price of $14.01. In other words, the price has decreased by -$8.49 from its previous closing price. On the day, 8.49 million shares were traded. BE stock price reached its highest trading level at $13.89 during the session, while it also had its lowest trading level at $12.82.

Ratios:

For a deeper understanding of Bloom Energy Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.81 and its Current Ratio is at 4.29. In the meantime, Its Debt-to-Equity ratio is 3.12 whereas as Long-Term Debt/Eq ratio is at 2.99.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on May 10, 2024, Reiterated its Hold rating but revised its target price to $13 from $10 previously.

On April 01, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $21.

Truist Upgraded its Sell to Hold on March 06, 2024, whereas the target price for the stock was revised from $9 to $11.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 17 ’24 when Chitoori Satish sold 1,075 shares for $13.92 per share. The transaction valued at 14,964 led to the insider holds 191,283 shares of the business.

SODERBERG SHAWN MARIE sold 1,160 shares of BE for $14,117 on May 16 ’24. The insider now owns 166,843 shares after completing the transaction at $12.17 per share. On May 15 ’24, another insider, ZERVIGON EDDY, who serves as the Director of the company, sold 28,150 shares for $12.86 each. As a result, the insider received 362,009 and left with 111,161 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BE now has a Market Capitalization of 2910396416 and an Enterprise Value of 3871112704. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.25 while its Price-to-Book (P/B) ratio in mrq is 6.24. Its current Enterprise Value per Revenue stands at 2.993 whereas that against EBITDA is -158.224.

Stock Price History:

Over the past 52 weeks, BE has reached a high of $18.76, while it has fallen to a 52-week low of $8.41. The 50-Day Moving Average of the stock is -0.39%, while the 200-Day Moving Average is calculated to be 4.29%.

Shares Statistics:

For the past three months, BE has traded an average of 6.87M shares per day and 5850710 over the past ten days. A total of 224.72M shares are outstanding, with a floating share count of 193.02M. Insiders hold about 14.98% of the company’s shares, while institutions hold 75.90% stake in the company. Shares short for BE as of 1715731200 were 38883685 with a Short Ratio of 5.66, compared to 1713139200 on 38750949. Therefore, it implies a Short% of Shares Outstanding of 38883685 and a Short% of Float of 27.500000000000004.

Earnings Estimates

Its stock is currently analyzed by 18.0 different market analysts. On average, analysts expect EPS of -$0.03 for the current quarter, with a high estimate of $0.05 and a low estimate of -$0.14, while EPS last year was -$0.17. The consensus estimate for the next quarter is $0.12, with high estimates of $0.19 and low estimates of $0.02.

Analysts are recommending an EPS of between $0.27 and -$0.48 for the fiscal current year, implying an average EPS of $0.11. EPS for the following year is $0.47, with 21.0 analysts recommending between $0.89 and $0.1.

Revenue Estimates

For the next quarter, 19 analysts are estimating revenue of $427.97M. There is a high estimate of $480.3M for the next quarter, whereas the lowest estimate is $395.2M.

A total of 23 analysts have provided revenue estimates for BE’s current fiscal year. The highest revenue estimate was $1.51B, while the lowest revenue estimate was $1.4B, resulting in an average revenue estimate of $1.46B. In the same quarter a year ago, actual revenue was $1.33BBased on 23 analysts’ estimates, the company’s revenue will be $1.79B in the next fiscal year. The high estimate is $2.15B and the low estimate is $1.56B.

Most Popular